Sunk Cost free essay sample

In financial aspects and business dynamic, sunk costs are review (past) costs that have just been brought about and can't be recuperated. Sunk expenses are once in a while appeared differently in relation to planned costs, which are future costs that might be brought about or changed if a move is made. Both review and planned expenses might be either fixed (nonstop for whatever length of time that the business is in activity and unaffected by yield volume) or variable (reliant on volume) costs. Note, nonetheless, that numerous market analysts think of it as a slip-up to characterize sunk expenses as fixed or variable. For instance, if a firm sinks $1 million on an endeavor programming establishment, that cost is sunk in light of the fact that it was a one-time thing and can't be recouped once consumed. A fixed expense would be regularly scheduled installments made as a major aspect of a help contract or authorizing manage the organization that set up the product. The forthright hopeless installment for the establishment ought not be regarded a fixed expense, with its cost spread out after some time. We will compose a custom paper test on Sunk Cost or on the other hand any comparative point explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page Sunk expenses ought to be kept independent. The variable expenses for this undertaking may incorporate server farm power utilization, and so forth. In customary microeconomic hypothesis, just planned (future) costs are pertinent to a speculation choice. Customary financial matters recommends that monetary entertainers ought not let sunk costs impact their choices. Doing so would not be reasonably surveying a choice solely on its own benefits. On the other hand, a chief may settle on balanced choices as indicated by their own motivations, outside of effectiveness or gainfulness. This is viewed as a motivating force issue and is particular from a sunk cost issue. Proof from social financial matters proposes this hypothesis neglects to foresee genuine conduct. Sunk expenses do, indeed, impact entertainers choices since people are inclined to misfortune abhorrence and surrounding impacts. Considering such intellectual eccentricities, it is obvious that individuals much of the time neglect to act in manners that market analysts esteem discerning. Sunk expenses ought not influence the discerning chiefs most ideal decision. Notwithstanding, until a chief irreversibly submits assets, the imminent cost is an avoidable future expense and is appropriately remembered for any dynamic procedures. For instance, in the event that one is thinking about preordering film tickets, however has not really bought them yet, the cost stays avoidable.

Change Essay -- essays research papers

     As I stepped on to that British Airways trip to London, England I didn't have the foggiest idea about this would end up being one on the most changing encounters of my life. It began like this after playing a soccer coordinate with certain companions at a neighborhood school, we started to anticipate what we would do this evening. So after we returned home and scrubbed down, we called up a couple of companions and the arrangement for the night was chalked out, as we would go to certain clubs and other night spots London is frequently connected with. At that point subsequent to affirming were we were going to get together, we got spruced up, and left to where we could get a transport, which would take us to the train station, to meet the others. After we got together and boarded the train a few people from the gathering began to talk ... Change Essay - articles research papers      As I stepped on to that British Airways trip to London, England I didn't have the foggiest idea about this would end up being one on the most changing encounters of my life. It began like this after playing a soccer coordinate with certain companions at a neighborhood school, we started to anticipate what we would do today around evening time. So after we returned home and scrubbed down, we called up a couple of companions and the arrangement for the night was chalked out, as we would go to certain clubs and other night spots London is regularly connected with. At that point subsequent to affirming were we were going to get together, we got spruced up, and left to where we could get a transport, which would take us to the train station, to meet the others. After we got together and boarded the train a few people from the gathering began to talk ...

Deceptive Accounting Essay

Extortion and defilement are a threat in the neediness stricken nations, yet in addition in the created world. The overall hazard of misbehavior endeavors to overcome the incentive to globalization. In the globalized universe of speculators of the 21st century with its first transoceanic stock trade, it is important to proceed with changes to shake off maltreatment of intensity at the degree of their foundations. In this way, Daniel Quinn Mills, an educator at the Harvard Business School, composes Wheel, Deal, and Steal (2003) to communicate his conviction that CEOs of supreme nature are proceeding with their act of taking from speculators regardless of the shout over the money related embarrassments of Worldcom, Tyco, and obviously, Enron. The creator guarantees that the standards that have been intended to ensure the financial specialists are bombing consistently. Thus, Mills subtleties wide-extending changes that are conceivable and ought to be structured so as to support straightforwardness in money related work. Moreover, the writer shows how speculators should, subsequent to examining his book, attempt to shield the extras from degenerate monetary practices. Financial specialists may even have the option to utilize Mills’ guidance in recuperating their lost cash. Wheel, Deal, and Steal guarantees that financial specialists are being cheated at a wide range of levels. The evaluators and the CEOs may all be engaged with monetary misrepresentation for an assortment of reasons, the principle one being that they all need to take more noteworthy profit without imparting them to speculators. Besides, the principles of law and morals don't appear to work admirably in controlling bookkeeping misrepresentation. There is an essential conflict of premiums between the financial specialists and the organizations that the speculators were intended to in a general sense trust for the assurance of their specific advantages, that is, to make more profit for themselves through their ventures. These contention of is the idea of estrangement set forth by Karl Marx. As indicated by Mills, even the securities exchange crash had this irreconcilable circumstance at its center. It isn't about the bookkeeping embarrassments of ongoing occasions alone. Or maybe, the issue is profound established as it is a contention of influence and cash. The CEOs attempt to take however much cash as could reasonably be expected in some cases to the detriment of the speculators. Initially, be that as it may, investors were intended to be the proprietors of American endeavors, and the officials were to go about as the operators of the financial specialists. However, presently, officials are simply the main ones creation fortunes and extending their own influence in the enterprise. Financial specialists, then again, are deserted far during the time spent business. Plants offers a lot of bookkeeping data in his book that financial specialists should need to comprehend so as to pick up dominance over the bookkeeping negligence procedures that are utilized to give them misfortunes in stead of the increases of proprietorship. While power had been moved from the hands of the financial specialists to the family units of the administrators, the officials and their evaluators had been utilizing â€Å"creative accounting† to cheat the speculators. The strategies of â€Å"creative accounting† ought to be learned by the common financial specialist who may from now need to supplant the almighty official for a group of administrators that should take a shot at sake of the speculators alone. Plants encourages financial specialists to assume responsibility through his book by illuminating them that solitary they are the ones that appear to remain behind. The lawyers, the inspectors, and the venture banks are totally engaged with corporate extortion that is purposely intended to offer less to financial specialists (who are commonly more prominent in number). The gatherings sharing the more prominent benefits by swindling financial specialists predominantly appear to be the administrators of venture banks, law offices, bookkeeping firms, and the organization itself. The creator clarifies that the officials of enormous partnerships have built up consistence in their frameworks wherewith they don't just cheat their guileless and significant financial specialists without a sound from the last mentioned; yet they have additionally evolved consistent groups of bookkeepers and sheets of executives. In the wake of concocting money related misbehavior, the administrators â€Å"had to do bargains that would glance great in their financials and get endorsement from inspectors and sheets for misdirecting budgetary reports. At long last, they needed to trade out their choices before the cheats and different deceptions were discovered† (8). Plants helps us that the CFO to remember WorldCom, Mr. Scot Sullivan; the CFO of Enron, Mr. Andrew Fastow; and the CFO of Tyco, Mark Swartzâ€all were sly foxes who had been given greatness grants by the CFO Magazine. Besides, Fortune Magazine had offered grants to Enron for being the most appreciated organization alongside Citigroup. Likewise, Enron had been praised each year from 1996-2001 for high accomplishment in advancement. The administrators appear to be tricking everyone. Likewise, the creator of Wheel, Deal, and Steal censures the Federal Reserve for tackling Mr. Brooksley Born, the CEO of the CFTO, by instructing him to avoid the matter of derivates. Consequently, everyone appears to have been engaged with the production of a monetary outrage at whatever point it has occurred. While some may plan insufficient laws and others may impulsively administer the money related acts of a company, the whole framework has all the earmarks of being imperfect. An extensive exertion to wipe out the issue of corporate misrepresentation is thusly required with respect to the budgetary framework overall, including the directors. Plants gives great bits of knowledge into the working of both the Commodities Futures Trading Corporation and the Federal Reserve while offering his recommendation on the change of the framework. This book additionally is an update that the Internet bubble is finished and the following air pocket may be of speculative stock investments or the assets of flexible investments. Speculators must be set up for the following air pocket with an expansion in cognizance regarding their valuable funds contributed for more noteworthy profit. Hence, the book is a basic perused for financial specialists who are prepared to work for change. Factories exhorts that the administration must be considered liable for rebuffing degenerate officials of different partnerships. In addition, the great work of taking out misrepresentation must be proceeded with given that popular governments additionally go with debasement at a few levels, generally having to do with the cream of administrators or top administration at bookkeeping firms just as administrative offices. The last are liable for making great guidelines to check corporate misrepresentation. In any case, financial specialists must assume responsibility to get administrative organizations and the legislature all in all associated with the procedure any place the guidelines and strategies seem feeble. To build the consciousness of the financial specialists and ideally to push them to make a move concerning the guideline of their ventures, Mill’s book addresses the accompanying inquiry: There are numerous Americans now in the securities exchange, and in the event that we are adequately disturbed about our misfortunes, lawmakers and courts may act. Assessments are that the extent of U. S. family units that possessed stocks or common assets has developed from 19% in 1983 to 49. 5% in 2002; and the extent of single people who own stocks or shared assets has developed from 42% in 1983 to 84% in 2002. On the off chance that financial specialists apply their latent capacity impact, would we be able to make a more secure, progressively dependable, increasingly legitimate America? (10).

Measurements Paper Essay Example | Topics and Well Written Essays - 1500 words

Estimations Paper - Essay Example At long last the paper finishes up with the announcement of present research's factors and depict the kinds of dependability and legitimacy that is planned to be utilized in regard of such factors. The objective object of the proposed inquire about is to assess administration quality execution versus client desires for the equivalent. A variable is an information that can expect at least one characteristics called its qualities. The degree of estimation alludes to the relationship among the qualities that are allocated to the traits for a variable. Level of estimation is significant as it encourages analyst to conclude how to decipher the information from that variable. It likewise encourages the specialist to choose what factual investigation is generally fitting on the qualities that were appointed. As is ordinarily placed four degrees of estimations are recognized i.e nominal(here the numerical qualities simply name the trait extraordinarily; no requesting of the cases is implied),ordinal( here estimation of the characteristics can be rank-requested and removes between properties don't have any meaning),interval(in such estimates separates between properties do have significance) and ratio(in such estimation there is consistently a flat out zero that is important; this implies you can build an important portion (or proportion) with a proportion variable).(Trochim,2006-a). These estimations must be dependable and substantial in a coordinated way and dependent on evident score hypothesis of estimation. to guarantee top notch (Trochim, 2006-b). Inconspicuous measures will be measures that don't require the scientist to interrupt in the exploration setting. Direct and member perception necessitates that the scientist be genuinely present.Reseracher nearness can influence respondent conduct and reaction. Three sorts of unpretentious measures are typically utilized in sociology look into: Indirect Measures, Content Analysis and Secondary Analysis of Data(Trochim,2006-c).In short, inconspicuous estimation work to lessen the predisposition brought about by scientist's essence yet bring about lesser power over the information. The prior paper on connections had distinguished the essential builds as: unwavering quality, responsiveness, affirmation, compassion, physical assets, and business achievement corresponding to administrations' quality. Build legitimacy alludes to how much inductions can honestly be produced using the operationalizations in your examination to the hypothetical develops on which those operationalizations were based. Build legitimacy includes summing up from the program or measures to the idea of such program or measures (Trochim, 2006-d). Dangers to build legitimacy might be brought about by not appropriately characterizing operationally the develops; utilizing just a single adaptation of your treatment; deficiency of utilizing a solitary measure to take a gander at a specific idea; communications between various medications; association of the testing and the treatment; unforeseen results and so on.( Driebe ) It is set here that responses to the proposed

Devin Getachew Essays

Devin Getachew Essays Devin Getachew Essay Devin Getachew Essay What watched was that shopping center sees were bound to get hypertension than females. Circulatory strain will in general ascent with age. Around 65 percent of Americans matured 60 or more established have High circulatory strain. One of the most widely recognized types of high blood pres sure in more established grown-ups is ceaseless hypertension. Incessant hypertension happens when the systolic pulse is high. Around 66. 7% individuals over age 60 with hypertension have Chronic hyper pressure. People are similarly prone to create HIP during their lifetimes. Notwithstanding, meat re age 45, men re bound to have HIP than ladies (Gibbons). Smoking, being overweight HTH or heftiness, absence of physical action, an excessive amount of salt in the eating regimen, a lot of liquor utilization on, stress, more established age, and hereditary qualities. An individual with incessant hypertension are bound to grow pop heart and vein infection. This builds your danger of a respiratory failure, stroke, cardiovascular breakdown, or kidney illness. There was an article that identified with my theory, and demonstrated my speculation to be precise somewhat. The article said that men before the age of 55 are mineral normal to contract interminable hypertension than ladies, anyway after age 55 ladies are get ceaseless hypertension. The explanations behind sexual orientation contrasts in blood press ere are not known and a few labs are as yet investigating. A few examinations exhibited that t ladies will in general have higher heart siphon yield and lower vein obstruction, subsequently mi missing vein injury (Chosen). Anyway my theory is as yet acknowledged. My exploration I s substantial in light of the fact that I gathered the information of 10 ladies and 10 men from the site www. Image. Com . In this manner my tat is substantial somewhat in light of the fact that its been taken from the site, yet its n tot genuine live information from 10 subjects that know. That is 1 shortcoming of my information. Another would b e the way that my histogram looks deluding. Assessment Factor Effect on Experiment Improvement Subjects were PC produced didnt get wellbeing information from genuine subjects. It is smarter to arbitrarily choose 10 subjects in the more seasoned age run.

CP22 John Lee Dumas from EOFire Talks about Starting Growing Successful Podcast

CP22 John Lee Dumas from EOFire Talks about Starting Growing Successful Podcast Welcome to the 22nd episode of our podcast with John Lee Dumas from EOFire!You can download the podcast to your computer or listen to it here on the blog. Click here to subscribe in iTunes. INTRODUCTION IDEA OF EOFIREMartin: Hi Folks. You ever wanted to start a passive income business, or maybe you are interested in interviewing high class people and starting a podcast. Today we have the expert on board with John Lee Dumas from Entrepreneur on Fire. Hi John, how are you doing?John: Martin, I am fired up to be here, brother! Thanks for having me!Martin: Great. Can you tell the people, what is actually Entrepreneur on Fire?John: Entrepreneur on Fire is a daily podcast that I started 4 years ago where I interview today the most successful and inspiring entrepreneurs and we talk about their journey, their worst moments, lessons learned, their aha moments, how they turned those aha moments into success. Then we have a lightning round of questions that is meant to give gold to the listeners. We have now done over 1300 episodes to date, we are consistently getting over one million listeners per month of the show, and its simple been a blast.Martin: Great. I mean, basically it s the same stuff that I am doing.Why did you start this kind of podcast? Did you just stumble into that and then at one point in time you realized there could be some business opportunity? What is the story behind Entrepreneur on Fire?John: Entrepreneur on Fire is really a solving of my own problem.I mean the reality is this, Martin, its that I was a struggling business person back in 2012/11/10, and so I was looking to consume content that would inspire me and motivate me, that would bring me to the next level and I found podcasting, and I loved podcasting. But the reality was there just wasnt a daily podcast, there was a weekly podcast, there was a podcast that was going twice a month, it just wasnt enough quantity for me. Because I was driving to work every single day by myself, I was going to the gym, I was doing this, doing that, I wanted to consume this content all of those times. I searched for the daily podcast, it didnt exist, I decided to follow Gandhis great words and be the change you wish to see in the world, and that was the launch of EOFire.HOW TO START A PODCASTMartin: Awesome. Imagine that you are just having this idea of starting this podcast, how did you find the first podcast interview partners?John: It wasnt easy, but the reality was I saw that there were a lot of people who were guests on other shows. And so I said: Well, those people will most likely want to be guests on my shows as well. So I reached out to them one by one and I said, “Hey, you were a great guest on this show, I really enjoyed your content, I would really like you to come and share a similar story on my show. But I have a very unique format; we talk about your worst moment, your aha moment, I have these lighting round of questions. Would this be something you would be interested in having a conversation about?” Then slowly but surely, step by step I would be getting one guest to 2 guests, and then those 2 guests would recommend a third guest and I was really able to build a great back log of guests and interviews that way.Martin: Nice. Nowadays you have like 1 million podcast listens a month, awesome.How did you start with your podcast marketing and really attracting the first 1000, the first 10,000 subscribers?John: For me again it goes back to that building a foundation, I think thats so important. I launched just like everybody else launched, with zero listens, and then every single day I woke up and I said how can I just add to my listenership? How can I go find where my perfect listeners are right now, expose them to Entrepreneur on Fire, to my podcast and to maybe excite them to join.It wasnt easy, I had to hustle, I had to go into Facebook groups and LinkedIn groups, I had to go find Reddits and go repost that were being written by entrepreneurs and commented by and contributed. I had to really get out there and do some gorilla marketing.Then of course having a show that goes live every single day with a successful entrepreneur, I would ask that guest of my show to share with their audience so then every single day, my guest was sharing EOFire with their listeners, with their audience. And that was growing exponentially the show every single day.Martin: When you had like maybe 5000, 10000 subscribers, did you approach some kind of podcast advertisers or did they approach you? At what point in time did you think: Okay, lets start rolling the US dollars.John: At the 6 month point, I was really getting to a place where I said men, I am getting about 3-4 thousand listens every single episode, this is a significant number, maybe its time to start looking for sponsors. So I started kind of looking around on my own.But sometimes how the universe works and you put things out there in the universe, I got reached out to by a broker that was a sponsorship broker and the company was called the Midroll. The guy emailed me and said, “Hey John, I would love to jump on a call because you know we are the Midroll, we find sponsor s for podcasts. We are looking to bring in a business podcast, right now we pretty much focus on the comedy shows.”My show appealed to them for a number of reasons; number 1, it was a daily show so there was a lot of opportunities for sponsorship spots on a daily show, 30 a month specifically. So we tried it out and by the end of that same week, that broker had already booked over $12,000 of sponsors on my show for the following month. EOFire went from no sponsors and almost no revenue for the first 6 months, to generating 5 figures a month from month 7, and then by the 12th month, so a year later after we launched we had entered the 6 figure a month category.Martin: I can really imagine your face dropping down when you said: What? $12,000 in sponsorship?I mean if I am calculating just in my head, having one billion monthly listeners and you are getting like $80,000 that approximately translates into $80 CPM. Why is that CPM so crazy high and what is your expectations on the podca sting CPMs for the future?John: The CPMs are so high because with podcast listeners, it is a very intimate medium. I mean they are choosing to press play on your content, unlike a radio where you just find a radio station and do this, do that. Podcast listeners have found the content, they have found the hosts that they want and they have decided to press the play button, and they get to know the host. They get to know, like and trust the voice behind the microphone so to speak. So why spend 6 months growing a great fire nation now they trust me. So when I recommend a product or a service to them, they are much more likely to try that service because it is coming from somebody that they know, like and trust, not just some voice that is sharing with them the ups and the downs in a very sales marketing pitchy kind of way.So thats why CPMs have sometimes, for podcasts, been anywhere from, you know, fill in the blank, anywhere from $15 CPMs all the way up to $60 CPMs, and I have seen th em range all in there since I started and its a very powerful medium.Now, the future of podcasting is interesting because, like everything in life, now people are becoming a lot more used to sponsors on podcasts so they are becoming a little more tone deaf to that, when back in the day it just was kind of a special day and so if you are able to use a unique read and keep the listeners interested, they probably listen.But now its a little bit different, it is a lot more crowded of a market place. I kind of foresee CPMs decreasing in the future, but never to a level of like a radio or a newspaper or a bill board, but just kind of down from the stratosphere they have been up for so long.Martin: Yes, definitely, because I would also add one more dimension Because you said basically you have a higher trust therefore the CPM is higher, but apparently the audience is getting used to this therefore the conversion rates thereby the generated sales decrease, therefore the willingness to pay f rom the advertiser will go down. But one factor I would like to add is there are so many new podcasts reaching out and actually competing against each other. Because if they are millions of business podcasts out there, then you should give me a very good reason advertising on your podcast versus another one.John: I definitely agree. Again, that was when they first reached out to me. My broker, they said: We haven’t sponsored on any business podcast before, we havent used any, like I was literally the first business podcast that this broker, which is the biggest broker that is out there, The Midroll is their name, they actually just acquired Stitcher radio, like a week ago. Its just crazy.LISTENERS ACQUISITIONS PODCAST STATISTICS OF EOFIREMartin: Are you looking into your podcast marketing or user acquisition statistics? Can you give us some kind of detail on where are the new users coming from? What type of marketing tactics are you using in order to use that?John: Really the new types of acquisition are coming from:#1: my current guest sharing to their audience when they are on the show, thats always bringing new ears to the actual podcast, and#2: it is just organic iTunes. Like on iTunes we have people that are very single day they are searching for content, and when they are looking for the top ranked business podcast, they are searching for key terms on the iTunes search bar, whether they be entrepreneur or fill in the blank, and they are coming across my podcast that way, so discover ability with an iTunes and then also just sharing with our audience, with the guest audience.Martin: Are you doing anything on, lets call it podcast SEO or something like that? Optimizing key words, etc.? So that your discoverability is improved.John: No, nothing in that area.Martin: Okay cool.EOFIRE COLLABORATION WITH FREELANCERSMartin: On your site, I have seen that you are working with freelancers and virtual assistants, let me understand how is your work day, or your w ork week structured? And how are you collaborating with those freelancers?John: Yes, we have actually 5 full time virtual assistants and then 2 freelancers, 2 independent contractors so to speak. Our 5 virtual assistants work 40 hours per week, so they are just working full time, they have their tasks, they know what they are doing. Then the independent contractors, we actually have them on retainer, so we have them for our designers 40 hours per month and our web developers 30 hours per month, and we pay them based off of that. We have them for a minimum those amount of hours every single month.And then just as different campaigns come up or opportunities arise, we will then reach out to them and have them fix it up for us and have them do a design or fix up a website or add this or add that in kind of a very one-off basis.Martin: I would assume that the virtual assistants are working on your interview partner backlog so to speak arrange the meetings, maybe do some transcribing or something like this. Anything else that they are doing?John: Yes definitely. Like you said, we have the transcribing, we have a lot of email follow up going on, we have a lot of social media, whether it is Twitter, or Facebook or whatever, it might be kind of keeping the conversations going and making sure if theres any direct questions to me, then I get those questions, etc. There is a lot of different things we do on a day to day basis for sure and that my virtual assistants do, going forward that they just know because, its their 40 hours per week.EOFIRE REVENUE STREAMS HOW TO MONETIZE A PODCAST?Martin: I have also seen that you have a very diverse type of revenue stream, so from affiliate earnings from podcast advertising, from product sales and so on and so forth. Can you elaborate a little bit on that, and how did you experiment with those different revenue streams over time? And how do you think this revenue split will change over the next 12 months and why?John: Yes, revenu e streams are definitely something you always want to keep your finger on the pulse with when it comes to be an entrepreneur because things are changing. The world is changing, opportunities are changing, new things are coming up, old ways are dying, etc. So you always want to keep your finger on the pulse.And thats one thing that we have always done that I am very proud of as EOFire, is that we are very open and transparent and honest with our personal revenue. So every single month we publish an income report where we break down all the revenue that we have generated, how we have generated it, we break down all of our costs and expenses within the business and exactly what that looks like. So we give a really great snapshot of our business every single month; the trends, whats working, whats not working, etc.That has been a really big part of our business, is continuing going forward with that transparency. So thats been huge, thats been a big plus for what we do. Because it is al so allowed for me to say what is working revenue wise, what is the 80:20? And that meaning, what is the 20% that is actually contributing to the 80% of the overall bottom line, and really making sure that we focus on that 20% and kind of just let the other 80% of stuff that is just not doing the big impact kind of drift off into nothing. That has kind of really allowed us to hone our skills.So some of our big revenue sources right now are podcasters paradise, which is our podcasting community, where we teach people how to create, grow and monetize their own podcast.Another one is the freedom journal, which is a physical book that I have created which teaches people how to set and accomplish their number 1 goal in 100 days, and its done via this gorgeous leather bound journal that has a very unique step by step process on setting and accomplishing your number one goal.We do a lot of great affiliates and joint venture sales and revenue. And that is where like another entrepreneur, one of my friends, whatever, might have a course, a product, an offering that definitely aligns with my listenership and my audience. What are we able to do, boom, we are able to go ahead and bring them on the show or send an email about them and recommend their product or their service and if anybody converts then we have a commission off of that as well.Those are some ways we generate revenue and going forward, I can say I am working on another project right now thats very similar to the freedom journal, but its going to be in a very different niche and a different spectrum.Oh yeah, and kind of going backwards again real quick, is we generate a lot of money every month as well, via podcast sponsorships, to the tune of sometimes $40K to $50K to $60K per month. So thats a big revenue stream for us as well.Those are some things, and again, going into the future, its looking at another project similar to the freedom journal and another project that I am working on right now is actually c alled Skills on fire, where I am just going to kind of be teaching for a very low level as far as Facebook, Instagram, Snapchat, just how I use these in a very effective way. This is not like an all-encompassing premium course type of everything, but just how I use these different social media platforms and different marketing platforms effectively, for people that want to kind of study that.Martin: Cool. John, when I am looking at this kind of revenue and the profits that you are making, my question is, what are you doing with the profits? Are you just enjoying your time? Are you investing in organic growth or diversification, which is partly one thing that you are doing? Or are you an angel investor? What are you doing with these profits?John: Yes, and I can tell you its definitely a good question. There are a couple of things that we are doing.Number 1, we are definitely making sure that we are putting a good portion of this away because when we work hard and things are working w ell right now, I know as well as anybody else that things can change in the future at any time. The best part about hosting EOFire is, I start every show with the worst entrepreneurial moments and that is just the reality, so I know that the next worst moment is right around the corner because nobody expects it, it just happens, boom, just like that. We are definitely looking to build up quite a nest to make sure that when things change, and things always change, that we have a nice little nest so that we can make sure that we smoothly transition into that next stage or opportunity in life.At the same time, we definitely are investing back into our business with a certain portion of the money. We are investing in Facebook advertising and different like Amazon growth opportunities like with the Freedom Journal on Amazon. I am looking at different ways of using Amazon advertising to get that in front of more people, etc. We are definitely looking to invest back into the company with o rganic growth and hire people.Another thing is we are actually hiring another employee to our team which is going to add to our monthly expenses, but we know it is going to add to also the overall growth of our business if it is used correctly.So a little combination of organic growth, a lot of savings, just kind of being stacked up or what may or may not happen in the future, so just having that peace of mind.And we are big into charities, like I donate a lot of money every single month, charities like Pencils of Promise where we built 3 schools at over $75,000 in just the past year alone through Pencils of Promise with 3 separate $25,000 donations. So we kind of want to have that full spectrum that makes sense and that is where we are at.  Martin: Cool.LEARNINGS TIPS FROM JOHN LEE DUMASMartin: John, after talking to you about this Entrepreneur on Fire thing, how do I monetize and how do I build this kind of business Now I would be very interested in, for example, if you are looki ng back to this 1300 podcasts, what have been the 3 major learnings or fuck ups or whatever that entrepreneurs have shared with you?John: Wow.Number 1 is just giving into fear. I mean we are all going to feel, fear is always going to be with us when we try something new, when we try something different, when we put ourselves out there, but it is giving into fear, like that is the major mistake that so many entrepreneurs make, and it happens time and time again.Number 2 is surrounding yourself with the wrong people, like you are an average of the 5 people you spend the most time with. So often entrepreneurs, they just fall into this trap where they slowly but surely sort of surround themselves with the wrong kind of people who just dont really have the same morals or the same outlook or the same desires in life and they become the average of that and this is kind of a downward spiral or a downward trend.The third thing would be just having a singular mentor, like not having that pers on that is just where you want to be right now. Because so often in life we look around a room, and whether it is a physical room or a virtual room, and if you are the smartest person in that room, you are in the wrong room, you have got to get out of there and find another room where you are being challenged, where people are holding you accountable, making it happen. So having that one mentor that is pulling you upwards is okay.Martin: How do you know that the surrounding people are the right ones for you, so that you really make sure: Okay, now I am at the right spot, or no I am identifying I am not at the right spot?John: You just sit down and say: What kind of person do I want to be? What kind of things do I want to accomplish? What do I want to stand for? What do I want to be important in my life? Once you have a grasp on that, then you can look around and say: Okay, now I get it, now I want to attract these people to me and spend time with these people. And maybe I am now pre tty aware that friends 2, 3, and 5 just do not have those qualities, those traits, how do I move them off from my top 5. I am not saying cut them off forever, but you got to move them out of your top 5.Martin: John, do you have a mentor? If yes, who is it and how did you find him?John: Yes, I absolutely do have a mentor, that is and going continue to be private, but it is a mentor and I believe in always having a mentor going forward, that is so important. What I did was, I found somebody who is currently where I want to be and I hired him, I said what is it going to take? You name the price, I want to be where you are, I want you to mentor me, and we have been mentor-mentee ever since.Martin: Cool. Because this is interesting, as you said, this is the price where you are paying, because I would have assumed that a lot of people for example, if I am thinking of who would I love to have as a mentor would not be, lets say acquirable for money but maybe for something else.Imagine, I wo uld love to have this is not true, but I would love to have a Bill Gates or Barrack Obama as my personal mentor, because maybe this is what I want to do. I guess I would never be able to pay Bill Gates, because he has all the money in the world, he doesnt need any more money, maybe he needs something else. So what other things could you think of that could motivate a mentor that you really want to be a mentor?John: Maybe showing them that your mission in this world aligns with their mission, I mean maybe they love the charity water. So if you are willing to really become committed to that and moving that forward in a very powerful way, then that mentor would be inspired to say: Wow, if you are willing to give that to something that I believe in so strongly, I am willing to give some of my time. There are other ways to go about it, for sure.Martin: Great. John, thank you so much for sharing your insights, I wish you all the best with your Entrepreneur of Fire podcast and all the othe r ventures that you are starting, and especially one thing that I really like is that you are doing some charity and helping people with building schools and education and so on. Thank you so much for that.John: Martin thank you, I really enjoyed the chat today.THANKS FOR LISTENING!Thanks so much for joining our 22nd podcast episode!Have some feedback you’d like to share?  Leave  a note in the comment section below! If you enjoyed this episode, please  share  it using the social media buttons you see at the bottom of the post.Also,  please leave an honest review for The Cleverism Podcast on iTunes or on SoundCloud. Ratings and reviews  are  extremely  helpful  and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.Special thanks  to John for joining me this week. Until  next time!

Health Informatic Essay - 275 Words

Health Informatic (Research Paper Sample) Content: Health InformaticNameInstitution Health Informatic The success of any IT Project highly depends on the user requirements (Change First, 2006). During such projects, it may seem difficult to deal with issues associated with members involved in the project ignoring them may cost the success of the whole task. The achievements of an IT project are not only measured by technical aspects but also by the value the project adds to an organization-end-user (Marchewka, 2003). According to Marchewka (2003), projects are made with the primary intent of bringing organizational change. An organization is made up of individuals, brought together by similar projects. Hence assisting the workers with issues affecting their performance will enable them to focus, accept and embrace changes, for the success of the project (Marchewka, 2003; Change First, 2006). According to Project Management Hacks (2014), about two-thirds of human resource management time will be spent on resolving conf licts in the workplace. Health care IT projects, such as the Obamacare, have many stakeholders involved where they have particular primary interests. Due to lack of common interest, disputes arise between the different parties where they would all want their concerns to be handled first (Project Management Hacks, 2014). As illustrated above, most IT projects bring in the changes that introduce resistance and different opinions (Marchewka, 2003). The end-users and project managers come across unexpected events and will react differently. Some IT projects require a team of specialists with a set of skills required specifically for the project. Though the diversity in personality enhances performance, it is also found to bring about a struggle (Orange, n.d). Role conflict may also arise when the parties involved fail to allocate duties equally depending on abilities and skills. In conclusion, the problems that affect individuals in health IT projects must be considered and dealt with i n an elaborate manner for the success of the project. Conflicts will be as a result of differences in interests, personality and abilities. ReferencesProject Management Hacks. (2014).Conflict Management for Project Managers: 10 S...